SC Lease definition

SC Lease means any lease now or hereafter on or affecting the Shopping Centers, or any part thereof, whether written or oral, and all licenses and other agreements for the use and/or occupancy of the Shopping Centers, or any part thereof as the same shall have been or shall hereafter be amended.
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SC Lease has the meaning set for in Section 2.2.8.
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Examples of SC Lease in a sentence

  • Except as disclosed on the SC Rent Rolls attached hereto as Exhibit L, no SC Owner is required to perform any tenant work or pay any work allowances under any SC Lease.

  • All security and other escrow deposits made under any SC Lease are being, and, to Borrower's best knowledge, have been held, in accordance with all Legal Requirements and the terms of such SC Lease.

  • Except as disclosed on the SC Rent Rolls attached hereto as Exhibit L, no tenant under a SC Lease has any right of expansion, extension, cancellation or any other option pursuant to such SC Leases, and no tenant has any right of set off or reduction against rent.

  • Borrower shall cause each SC Affiliate to neither do nor neglect to do, nor permit to be done, anything which may cause the termination of any SC Lease, other than due to the default of the SC Tenant(s) under such SC Lease.

  • Except as disclosed on the SC Rent Rolls attached hereto as Exhibit L, the term of each SC Lease has commenced and the tenant has commenced the full payment of rent under such SC Lease without the tenant thereunder being entitled to any abatement thereof.

  • All actual out of pocket costs and expenses of Lender (including, without limitation, reasonable attorneys' fees and disbursements) in connection with Lender's review of any SC Lease shall be paid by Borrower within five (5) Business Days after request therefor by Lender.

  • Except as otherwise expressly permitted under Section 3.61 hereof, if any SC Lease shall be entered into, amended, modified, cancelled or terminated without the prior written consent of Lender.

  • Borrower shall cause each SC Affiliate to not collect any rent or other payment under any SC Lease more than one (1) month in advance of the due date thereof (except as disclosed on the Rent Roll) and shall cause each SC Affiliate to use its best efforts to require the performance of all of the obligations of SC Tenants and other Persons bound by the SC Leases and to enforce the SC Leases, subject, however, to the limitation on termination described in this Section 4.30.

  • In the event of any inconsistency between the statements in the body of this Agreement and those in the other Operative Agreements (other than the Sawmill Lease, Seller TSA and the SC Lease), the Confidentiality Agreement or the exhibits and schedules attached hereto (other than an exception set forth as such in the Schedules) or thereto, the statements in the body of this Agreement will control.

  • No SC Affiliate or any other Person acting on any SC Affiliate's behalf has given or received any notice of default under any of the SC Leases that remains uncured or in dispute, and no SC Owner is intending to deliver such a notice of default within the thirty (30) days following the date hereof, except with respect to American Furniture Discount which has an SC Lease at the Shopping Center commonly known as Port Richmond Village.

Related to SC Lease

  • Operating Lease means, as applied to any Person, any lease (including, without limitation, leases which may be terminated by the lessee at any time) of any Property (whether real, personal or mixed) which is not a Capital Lease other than any such lease in which that Person is the lessor.

  • Sub-Lease means the sub-lease entered into following the approval of an Approved Sub-lease;

  • Co-op Lease With respect to a Co-op Loan, the lease with respect to a dwelling unit occupied by the Mortgagor and relating to the stock allocated to the related dwelling unit.

  • Approved Lease has the meaning set forth in Section 6.11(a).

  • Ground Lease means a lease creating a leasehold estate in real property where the fee owner as the ground lessor conveys for a term or terms of years its entire interest in the land and buildings and other improvements, if any, comprising the premises demised under such lease to the ground lessee (who may, in certain circumstances, own the building and improvements on the land), subject to the reversionary interest of the ground lessor as fee owner. With respect to any Mortgage Loan where the Mortgage Loan is secured by a Ground Leasehold estate in whole or in part, and the related Mortgage does not also encumber the related lessor’s fee interest in such Mortgaged Property, based upon the terms of the Ground Lease and any estoppel or other agreement received from the ground lessor in favor of Mortgage Loan Seller, its successors and assigns (collectively, the “Ground Lease and Related Documents”), Mortgage Loan Seller represents and warrants that: